§ 34. Pledge of credit
Whenever the legal voters of the City shall give authority to the Council thereof to pledge the credit of the City for any purpose, the City shall have power and authority to issue its negotiable orders, warrants, notes, or bonds, and to prescribe whether such bonds shall be registered or have interest coupons attached, to the amount, not to exceed the limit prescribed by law, for which the legal voters aforesaid shall have given authority to so pledge the credit of the City. Such notes or bonds shall be payable at such time and at such a rate of interest as shall be established by said voters, or, if no time or rate of interest is fixed thereby, the same shall be established by resolution of said Council.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
App § 1. Establishment of City
App § 3. City boundaries and corporate powers
App § 5. Warning and convening of annual meeting
App § 6. Elections of officers at annual meeting
App § 7. Mayor and Board of Aldermen as City Council
App § 8. Officers appointed by City Council
App § 9. Powers of Mayor; City Council to establish water rates
App § 10. Mayoral approval and Board of Aldermen reconsideration of vetoed actions
App § 12. Board of Civil Authority and Board of Abatement
App § 16. Department of Assessment
App § 19. Overseer of the Poor
App § 20. Superintendent of Streets
App § 22. Board of Fire Wardens
App § 25. Streets and sidewalks
App § 27. Sale or lease of City owned property
App § 29. Assessment of taxes on grand list
App § 30. Revenues credit and appropriations
App § 32. Bonds of City officers